Nightfood Holdings (OTCQB: NGTF), doing business as TechForce Robotics, announced the completion of a 1-for-150 reverse stock split effective Oct. 20, 2026, reducing its outstanding common shares from approximately 543.9 million to 3.6 million. The company’s shares began trading on a split-adjusted basis under the temporary symbol NGTFD on Oct. 20 and will revert to NGTF after 20 trading days.
The reverse split applies proportionately to all shareholders, with fractional shares rounded up to the next whole share, and does not change the number of authorized shares. The move is intended to increase the per-share trading price and support Nightfood’s efforts to meet the initial listing requirements of the Nasdaq Capital Market. The company has submitted a Nasdaq listing application and is working to satisfy applicable standards related to share price, public float, liquidity, shareholder distribution and corporate governance.
CEO Jimmy Chan described the split as another milestone in the company’s uplisting process, which remains subject to Nasdaq review, satisfaction of all applicable requirements and final approval. For investors, the reverse split is a mechanical adjustment that reduces the number of shares outstanding while proportionally increasing the price per share. However, the larger implication is strategic: a higher share price is often a prerequisite for meeting exchange listing standards, and the company’s ability to satisfy Nasdaq’s other requirements—such as public float and shareholder distribution—will determine whether the uplisting succeeds.
Nightfood Holdings, Inc., doing business as TechForce Robotics, is an advanced robotics and automation company focused on delivering intelligent, scalable solutions for industrial and commercial applications. The Company integrates robotics, artificial intelligence and software-driven systems to optimize operations, improve efficiency and enable next-generation automation. TechForce Robotics partners with organizations to design and deploy customized robotic solutions that address evolving operational requirements. The company also operates TechForce Advanced Manufacturing, Inc., a Nevada corporation formed to develop, manufacture, commercialize, install and support semiconductor automation and inspection systems. Its initial focus is expanding Wafer Sorter and AOI production for wafer-based semiconductor and CoWoS-related advanced-packaging applications, while pursuing future applications supporting emerging Chip-on-Panel-on-Substrate (“CoPoS”) manufacturing processes.
The latest news and updates relating to NGTF are available in the company’s newsroom at http://ibn.fm/NGTF. The full press release can be viewed at https://ibn.fm/PLprF.
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